United States Durable Goods Orders rise 0.3% in June vs. 1.6% expected
- Durable Goods Orders in the US rose less than expected in June.
- US Dollar Index stays in daily range below 101.50.
New orders for manufactured Durable Goods in the United States (US) rose by $1.1 billion, or 0.3%, to $334.8 billion in June, the US Census Bureau announced on Monday. This reading followed a 4% decline recorded in May and fell short of the market expectation for an increase of 1.6%.
"Excluding transportation, new orders increased 0.6 percent," the press releases noted. "Excluding defense, new orders increased 0.3 percent. Computers and electronic products, up nine of the last ten months, led the increase, $0.9 billion or 3.1 percent to $31.1 billion."
Market reaction
This data failed to trigger a noticeable market reaction. At the time of press, the US Dollar (USD) Index was down 0.05% on the day at 101.40.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
